President Barack Obama says he won't take "no" as an answer from Republicans, so he's going around them to appoint the head of a new consumer protection agency. Obama says Republicans would just keep holding Richard Cordray's nomination hostageand the president says that's inexcusable and wrong.

He says Cordray must be in place in order for the Consumer Financial Protection Bureau to start helping consumers deal with unscrupulous mortgage companies, dishonest payday lenders, and others.

Obama announced the appointment of Cordray during a stop Wednesday in Ohio, where Cordray once served as attorney general.

Republicans are outraged but Obama says he has an obligation to act when Congress refuses to.

The recess appointment means Cordray stands to serve for at least the next two years.

This was done very deliberately. There was a small window in which Obama could have made a legal recess apt. He let it slide by, and then did this SO AS to get in congress’ face. Congress is pathetically unpopular right now and O’s plan is run against them. So he will be picking fight after fight and positioning himself as the champion of the people who gets things done despite the dysfunctional congress.

He should have been challenged on a fundamental level long ago. The Ruling Class Elites in the GOP leadership appeased him instead, and this is their reward. Unfortunately, we, not they, are the ones that will pay the price.

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